City of Seattle Mandatory Housing Affordability Program A program of Seattle’s Housing Affordability and Livability Agenda.

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Presentation transcript:

City of Seattle Mandatory Housing Affordability Program A program of Seattle’s Housing Affordability and Livability Agenda

Investing In Our Communities.

Development Contributions New development is already required to contribute to: Considering Impact Fees to fund open space and transportation improvements. Draft proposal out for public discussion in Spring Transportation Streetscape Improvements Utility Improvements Child care, open space, historic preservation, farm & forest preservation (through Incentive Zoning)

A new program to create affordable housing units as we grow. Requiring that all NEW multi-family residential and commercial development contribute to affordable housing Providing additional development capacity to offset the cost of these requirements Utilizing a state-approved approach used by other local cities What is the MHA Program?

MHA-Commercial Structure (Complete) MHA-Residential Structure (Spring/Summer 2016) MHA Implementation Creating a Framework Zoning Changes and Implementation Downtown, SLU, select neighborhoods (Summer 2016) Remaining Areas (Spring 2017)

MHA program should: Aim to generate 6,000 affordable units toward the 20,000 unit goal Target households making less than 60% of Area Median Income ($38,000 for one person and $54,000 for a family of four) Build upon existing Incentive Zoning program Encourage a mix of performance and payment Apply broadly while considering specific exceptions for historic areas, lakefront blocks, or the shoreline district Affordable Housing Requirements Principles

Downtown/SLU Implementation

Requirements vary by zone: Payment Option (Per Square Foot) Performance Option (Percentage) Commercial$8 to 185% to 11% Residential$5 to 132% to 5% Affordable Housing Requirements Specific Proposal for Downtown & South Lake Union

Residential Tower Example Current

Residential Tower Example Proposed: Increase maximum floor plate by 1,000 square feet

Commercial Tower Example Current

Commercial Tower Example Proposed: Increase maximum Floor Area Ratio by 0.5 to 1.0

Tower Spacing in DOC2 zones Tower Coverage in SLU zones Issues to be studied The following issues will also be studied as part of the implementation process in 2016:

Next Steps Presentations & Discussion December March 2016 Open House March 2016 Legislation to Council May/June 2016 Potential Adoption September 2016

Implementation outside Downtown/SLU